Crypto VC investment hit $4.6B in Q3, second highest since late 2022

Global venture capital investment in the crypto sector reached $4.65 billion in the third quarter, the second-largest quarterly total since the end of 2022, Cointelegraph reported, citing a Galaxy Digital report. The funding was distributed across 414 deals, with just seven of them accounting for half of the total capital raised. Among the largest fundraisers were Revolut with $1 billion, Kraken with $500 million, and U.S. crypto-focused bank Erebor with $250 million.